Stock Market Today: Nifty Eyes 25,600 Reclaim, Sensex Near 82,000 Support as Volatility Persists

Indian markets are expected to open steadily on February 25 with global cues and a premium in early derivatives indicators. GIFT Nifty hovered near 25,669 alongside a premium of around 69 points over the previous Nifty futures close.

On Tuesday, domestic markets witnessed selling pressure. Sensex declined 1,068.74 points or 1.28% to close at 82,225.92 while the Nifty 50 fell 288.35 points or 1.12% to settle at 25,424.65. 

Sensex Outlook

Sensex formed a bearish daily candle as it trades close to the psychologically important 82,000 level that aligns with the 200-day Simple Moving Average. 

The index will rebound if it breaks above this level, leading to a rally towards 82,500-82,800.  

However a sustained break below the 82,000 level may invite weakness and accelerate decline towards the 81,700-81,500 range. 

Nifty 50 Outlook

Nifty 50 fell below its short-term moving averages and now trades near key support levels. 

Options data suggest heavy call writing at 25,500-25,600, establishing this as an immediate resistance while strong put writing can be seen at 25,300-25,400. It makes it a strong support band.

Analysts highlight that the index continues to move within a 25,200-25800 range. A sustained move above 25,600 could revive bullish momentum toward 25,800-25,900. 

On the downside, a break below 25,300 may trigger further fall toward the 25,100-25,200 zone.

Bank Nifty Outlook

The Bank Nifty closed at 61,047.30, down 0.35% but still trades above key short-term averages. Immediate resistance lies between the price range of 61,400 and 61,500. 

A breakout above this will establish a path towards 62,000-62,500. Support exists at 60,800 followed by a deeper support at 60,400.

Also Read: US Stock Market Today: Wall Street Steadies on Consumer Confidence Data as NVIDIA Results Near 

Broader Market View

The broader market also showed a cautious undertone, which resulted in decreased performance for both Nifty Midcap index and the Smallcap index which declined 0.3% and 0.55% respectively.

Sectorally IT stocks became the leading underperformers as they dropped more than 4% after investors adjusted their predictions about AI-driven changes and worldwide technology consumption.

Realty stocks fell over 2%, while metals, pharma, PSU banks, oil & gas, and energy stocks managed gains between 0.3% and 1%, supporting the fall.